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The Tokyo Commodity Exchange has denied a report by a newspaper in Japan that it plans to ask CME Group to take a stake in it. "But we've been watching the industry trend towards tie-ups among exchanges both in Japan and overseas and we cannot completely deny that such a thing could happen to our exchange in the future if it would be beneficial to us and the commodities industry as a whole," said Tadashi Ezaki, chief executive at TOCOM. The two exchanges reportedly are, however, talking about a deal that would see TOCOM use CME's Globex trading system.

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The Tokyo Commodity Exchange will continue its drive to raise liquidity by establishing an energy market that involves electricity futures and liquefied natural gas, President and CEO Takamichi Hamada said Friday in his first communication to investors and market participants. The primary principles of the exchange's three-year management plan remain intact, he said.

The volume of commodity derivatives decreased 18.6% last year compared with 2013, according to the Tokyo Commodity Exchange. It was the third straight year of decline. The exchange blames "limited volatility."

Despite taking over futures from the Tokyo Grain Exchange, the Tokyo Commodity Exchange hasn't been able to increase trading enough to survive without help from overseas, Japanese Trade Minister Atsushi Toyonaga says. The company has not made a profit since 2009 despite accounting for 99% of the commodities traded in Japan.

The Tokyo Commodity Exchange reportedly is looking to team up with the Chicago Mercantile Exchange. Tadashi Ezaki, chief executive at TOCOM, was quoted by a Japanese newspaper as saying he plans to ask the CME to invest in his exchange.

Japan's earthquake reduced March trading volume and led the Tokyo Commodity Exchange to lose more than expected in the fiscal year that ended Thursday. Instead of a projected loss of $3.56 million to $4.74 million, the commodity market likely saw a $9.5 million dip. "Had it not been for the earthquake, we would have done better and trading volumes for the entire fiscal year could have turned positive from a year earlier," said exchange President and CEO Tadashi Ezaki.